SMM A00 Aluminum Prices Decline Slightly with Changes in Billet Inventory and Processing Fees

On March 11, SMM A00 aluminum was quoted at 20,710 yuan/mt, down 60 yuan, with a discount of 40 yuan to the March contract, up 10 yuan. On the same day, SMM A00 aluminum (Foshan) was quoted at 20,700 yuan/mt, down 50 yuan, with a discount of 50 yuan to the current month, narrowing by 20 yuan. (Unit: yuan/mt)

Regarding aluminum billet inventory, according to SMM statistics, domestic aluminum billet inventory included 161,600 mt in Guangdong and 67,400 mt in Wuxi, with a total decrease of 2,500 mt. Today, SHFE aluminum fluctuated downward overall. Initial processing fee quotes remained firm, but downstream acceptance was poor, with demand remaining sluggish. The market was mainly supplied by truck transportation, with overall circulation relatively loose, and actual transactions relied on volume discounts. Today, Foshan aluminum billet market processing fees were quoted at 150–200 yuan/mt, up 20 yuan; Wuxi market processing fees were quoted at 200–250 yuan/mt, up 50 yuan; and Nanchang market processing fees were quoted at 150–200 yuan/mt, up 80 yuan. (Unit: yuan/mt)